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OSLO (Reuters) – All oil and gas fields that were affected by a strike in Norway’s petroleum sector are expected to be back in full operation within a couple of days, Equinor said on Wednesday. Norway’s government intervened to end the strike on Tuesday. The Gudrun, Oseberg South and Oseberg East fields in the North …

All oil and gas fields affected by Norway strike to be fully back up in days – Equinor Read More »

(Reuters) – The European Union’s statistics office Eurostat released the following data on retail sales in the euro zone in May. Volume of retail trade % change compared with the previous month Dec Jan Feb Mar Apr May 21 22 22 22 22 22 Euro area Total retail trade -2.2 0.2 0.5 0.5 -1.4 0.2 …

Euro zone May retail sales rise 0.2% y/y Read More »

LONDON (Reuters) -Bank of England chief economist Huw Pill said on Wednesday that he would be open to voting for a larger move in interest rates than the 0.25 percentage point steps favoured so far by the BoE, if economic circumstances warrant. Last month the BoE’s Monetary Policy Committee said it was ready to act …

BoE’s Pill says he is open to bigger rate rise if needed Read More »

SARAJEVO (Reuters) – Croatia’s Finance Minister Zdravko Maric resigned late on Tuesday and Prime Minister Andrej Plenkovic will propose economy professor Marko Primorac as the new candidate for the job, the government said on Wednesday. Maric, who had initiated tax reforms and a strict control of expenditure, has not talked publicly about his reasons for …

Croatia’s finance minister resigns Read More »

By Devik Jain (Reuters) -European shares rose on Wednesday as an end to strike by Norwegian oil and gas workers eased worries of energy supply crunch, while Just Eat Takeaway.com jumped after Amazon agreed to buy a stake in unit Grubhub. The continent-wide STOXX 600 was up 1.7%, after ending 2.1% lower in the previous …

European shares climb on easing energy worries as Norway strike ends Read More »

LONDON (Reuters) – Here are five facts about Britain’s new finance minister Nadhim Zahawi, appointed by Prime Minister Boris Johnson on Tuesday following the resignation of Rishi Sunak. – Zahawi, 55, was born in Iraq and moved to Britain in the mid-1970s when his Kurdish family fled the rule of Saddam Hussein. – A long-standing …

Five facts about Britain’s new finance minister Nadhim Zahawi Read More »

LONDON (Reuters) -British Prime Minister Boris Johnson appointed Nadhim Zahawi as finance minister on Tuesday, replacing Rishi Sunak who earlier quit in protest at Johnson’s leadership. Zahawi, 55, inherits an economy that is likely heading for a sharp slowdown or even a recession, and will face immediate pressure to do more to help struggling households …

Nadhim Zahawi appointed UK finance minister Read More »

By Eva Mathews (Reuters) – Tesla Inc faces a series of hurdles ranging from production snags to rising inflation that may hit profits, Wall Street analysts said on Tuesday, as the electric-car maker reported a fall in deliveries for the first time in two years. Stung by China’s COVID-19 lockdowns and soaring costs, Tesla said …

Tesla plays ‘whack-a-mole’ with snags as deliveries fall for first time in two years Read More »